Many banks consider issuing their stablecoins after approving the genius act, says Bank of America

Bank of America applauds new law on stablecoins in the US and anticipates rise of tokenized finances among local banks.

***

• He Genius Actsigned by Donald Trump, marks a regulatory milestone for the stablecoins.
  
• Bank of America It foresees an expansion of up to USD $ 75,000 million in these assets.
  
• The law also opens the way to a wave of financial token and new banking issues.

The United States crypto ecosystem has received an important institutional support with the signing of the Genius Acta new law that feels the foundations for regulating the Stablecoins market in the country. The legislation, signed last Friday by President Donald Trump, could detonate a new phase of adoption and growth in financial infrastructure based on Blockchain.

In this regard, the financial entity Bank of Americahe described the fact as a “Turning point” For the regulation of the stablecoins in a recently published report, where he assured that these regulations will promote the development of key infrastructure and encourage the expansion of tokenized finances.

The report of Bank of America

Before this new regulatory panorama, Bank of America He anticipates that the Stablecoins offer will grow between USD $ 25,000 million and USD $ 75,000 million in the short term, promoted by new product releases, greater investment in infrastructure and emerging competition with tokenized deposits and monetary market funds.

In addition to Genius ActBank analysts point out that the progress of the Clarity Actanother legislative project that was already approved by the House of Representatives and will be debated in the Senate, It will contribute to consolidate a more robust regulatory environment for cryptocurrencies in the US.

This second bill aims to accurately define which digital assets should be considered raw values or materials, a key distinction to determine which regulatory body has jurisdiction over them.

The report of Bank of America It also reveals a change of posture among traditional banking institutions. According to the analysis, Many banks are actively considering issuing their own stablecoins, and executive addresses are inclined to consortium models to minimize regulatory and operational risks.

The entity’s CEO himself, Brian Moynihan, said his institution has already prepared the land to enter the Stablcoins market and will do so “When the moment is appropriate.”

These statements reflect a more proactive strategy of large banks in the face of the growing demand for more efficient and tokenized payments solutions, both nationally and internationally.

Although some executives foresee that the STABLECINS could facilitate cross -border payments with higher speed and lower cost, the report indicates that an immediate disruption of the domestic payment system in the US is not expected.

Macroeconomic effects of dollar tokenization

Beyond the financial sector, Bank of America He warns that the growth of stablcoins backed by reserves in American treasure bonds could have macroeconomic effects. In particular, the bank anticipates that this demand could lead to Treasury Department a prioritize the issuance of short -term letters as a backup instrument.

This would translate into a public debt market transformation, with impacts on the income curve and state financing strategies.

Likewise, the consolidation of a regulated market of Stablecoins could position the digital dollar as a preferred asset at the global level, reinforcing the US geopolitical role in the new international monetary order.

A structural change for American cryptoeconomy

The signature of Genius Act It represents more than a simple legislation: it is a paradigm shift in the way in which the US government addresses financial innovation. By providing a legal framework for Stablecoins, the country is positioned to compete in a global market where asset token advances quickly.

Bank of America Not only does he see it as an opportunity for growth for the sector, but also as a necessary step to attract institutional capital and avoid the escape of innovation towards other more permissive jurisdictions.

With banks ready to launch their own stable and the Congress advancing in the approval of additional legal frameworks such as the Clarity ActThe United States seems to be taking a decisive turn towards a more integrated, safe and competitive digital economy.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of UNSPLASH.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter